Elon Musk says that his social media platform X, formerly known as Twitter, is a better source of information than the traditional news media. “I don’t read the legacy media anymore,” boasts Musk, who asserts that X has become “the collective consciousness of humanity.”

X is one step closer to finally launching its payments platform. According to X CEO Linda Yaccarino, the X Money service will debut “later this year” with Visa announced as its first partner.

NEW YORK (AP) — X is teaming up with Visa to soon offer a system for real-time payments on the social media platform — signaling some progress in a yearslong vision from billionaire owner Elon Musk to create an “everything app.”

X’s deal with Visa, the largest U.S. credit card network, was announced by CEO Linda Yaccarino and will be dubbed X Money Account.

The social media company said it would start a peer-to-peer payments service, moving to expand the app’s abilities.

“In study after study, as well as our lived experiences, X has become a platform that promotes hate, antisemitism, and societal division. Under the leadership of Elon Musk, X has reduced content moderation, promoted white supremacists, and re-platformed purveyors of conspiracy theories.”

Payments giant Visa and Elon Musk's X are partnering to offer direct payment solutions to customers of the social media app, a person familiar with the matter told Reuters on Tuesday. The deal comes as the billionaire continues his efforts to transform the X platform into an "everything app",

Wall Street banks, finally within striking distance of offloading debt tied to X, have a sweetener on offer for potential buyers: a claim on the social-media platform’s stake in Elon Musk’s artificial intelligence venture.

WORD CHOICE: Brad Lander has X-ed the X in Latinx. The New York City Comptroller and candidate for mayor declared in September his office would embrace the term Latine “because it represents evolving language that more accurately reflects the range of backgrounds and gender identities encompassed by the diverse and sprawling Latin Diaspora.”

Memphis Grizzlies star Ja Morant has deactivated his X social media account, formerly Twitter, amid criticism of his recent play.

Visa will be the first partner of the X Money account, under which customers can instantly fund their X wallet and connect their debit cards for peer-to-peer payments.